Form 8-K PagerDuty, Inc. For: Jan 23

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Go back to Form 8-K PagerDuty, Inc. For: Jan 23

PagerDuty, Inc. (PD) Cuts 7% of Staff

January 24, 2023 8:06 AM EST

On January 24, 2023, PagerDuty, Inc. (NYSE: PD) announced that as part of the Companys ongoing actions to drive efficient growth and expand operating margins, the Company is advancing global scaling initiatives designed to increase the Companys capacity while improving its cost structure. The changes include reallocating certain roles and realigning teams to continue to improve operational resiliency and agility, and rationalizing the Companys real estate footprint. The immediate impact is a 7% reduction in headcount, as some roles are... More